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Banco Macro (BMA) Looks Good: Stock Adds 5.2% in Session
Banco Macro S.A (BMA - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $59.47 to $63.71 in the past one-month time frame.
In the past one month, the company has seen one positive revision and its Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Banco Macro currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked foreign bank stock is BANK MONTREAL (BMO - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is BMA going up? Or down? Predict to see what others think: Up or Down
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